Additional Coverage for ALPA Members
In addition to Professional Indemnity and Office Insurance coverage, Coverforce offers more specialised insurance for ALPA members to ensure your business is adequately protected.
Cyber and Crime Insurance
Cyber criminals are becoming more sophisticated and are increasingly using tactics such as identity theft to hack into systems or company processes, obtaining access to company bank accounts and trust funds. Cyber related crime can result in significant losses to your business.
Without the correct Cyber and Crime Insurance in place, many businesses will remain uninsured for this criminal activity. Cover can be arranged via a packaged Management Liability policy or can also be arranged via standalone Cyber and Crime Insurance policies.
Public Liability Insurance
If you lease or own a company office, hold events, visit clients, participate in auctions and other sales or property management activity you will have an exposure to potential third party injury and property damage claims.
Public Liability is a ‘must have’ Insurance policy for all businesses who operate in the Real Estate and Property Management sectors.
Management Liability Insurance
Managing a business comes with its risks and responsibilities. As a director or officer of a business, your personal assets as well as company assets can be exposed to those risks under a range of circumstances.
Management Liability Insurance primarily provides coverage for Directors and Officers for loss of account from wrongful acts committed or allegedly committed in the execution of the director or officer’s duties.
These policies also extend to cover
- Employment Practices Liability – full policy limit
- Statutory Liability – generally up to $1,000,000
- Crime (First Party & Third Party cover) – generally up to $1,000,000
- Tax Audit – generally up to $100,000
Workers Compensation
This statutory form of insurance is compulsory in all states and territories for incorporated entities who employ staff or pay wages. Workers Compensation Insurance is also required for sole traders and ABN holders.
For all other insurance enquiries or to find out more about how your business can be better protected, contact your Coverforce Service Team directly.
